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HAL (Halliburton Co) Cash Ratio : 0.40 (As of Sep. 2024)


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What is Halliburton Co Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Halliburton Co's Cash Ratio for the quarter that ended in Sep. 2024 was 0.40.

Halliburton Co has a Cash Ratio of 0.40. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.

The historical rank and industry rank for Halliburton Co's Cash Ratio or its related term are showing as below:

HAL' s Cash Ratio Range Over the Past 10 Years
Min: 0.24   Med: 0.46   Max: 1.89
Current: 0.4

During the past 13 years, Halliburton Co's highest Cash Ratio was 1.89. The lowest was 0.24. And the median was 0.46.

HAL's Cash Ratio is ranked worse than
51.62% of 988 companies
in the Oil & Gas industry
Industry Median: 0.43 vs HAL: 0.40

Halliburton Co Cash Ratio Historical Data

The historical data trend for Halliburton Co's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Halliburton Co Cash Ratio Chart

Halliburton Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.58 0.71 0.44 0.40

Halliburton Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.40 0.35 0.38 0.40

Competitive Comparison of Halliburton Co's Cash Ratio

For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Halliburton Co's Cash Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Halliburton Co's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Halliburton Co's Cash Ratio falls into.



Halliburton Co Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Halliburton Co's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2264/5608
=0.40

Halliburton Co's Cash Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash Ratio (Q: Sep. 2024 )=Cash, Cash Equivalents, Marketable Securities/Total Current Liabilities
=2178/5460
=0.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Halliburton Co  (NYSE:HAL) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.


Halliburton Co Cash Ratio Related Terms

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Halliburton Co Business Description

Address
3000 North Sam Houston Parkway East, Houston, TX, USA, 77032
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
Executives
Van H. Beckwith officer: EVP, Secretary and CLO 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Charles Jr. Geer officer: VP and Corporate Controller 3000 N. SAM HOUSTON PARKWAY EAST, PLAZA 2-6211, HOUSTON TX 77032
Jill D. Sharp officer: SVP Internal Assurance Svcs. 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Jeffrey Shannon Slocum officer: President - Eastern Hemisphere 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Myrtle L Jones officer: Senior Vice Pres - Tax 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032
Margaret Katherine Banks director 125 SPENCE STREET, SUITE 500, ZACHRY ENGINEERING EDUCATION COMPLEX, COLLEGE STATION TX 77843
Timothy Mckeon officer: Vice Pres and Treasurer 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032
Jeffrey Allen Miller officer: Exec VP & COO 3000 N. SAM HOUSTON PARKWAY E., HOUSTON TX 77032
Eric Carre officer: EVP, Global Business Lines 3000 N. SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Maurice S Smith director 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654
Janet L Weiss director 3000 N SAM HOUSTON PKWY E, HOUSTON TX 77032
Lawrence J Pope officer: Vice Pres, HR and Admin 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032
Joe D Rainey officer: Pres., Eastern Hemisphere EMIRATES TOWER, 13TH FLOOR, SHEIKH ZAYED ROAD, DUBAI C0 00000
Lance Loeffler officer: Chief Financial Officer 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
Mark Richard officer: President - Western Hemisphere 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032